Binance conducted the study from February 6 to 9, 2023, surveying 2,600 participants aged 18 to 46.

Just over a day after it categorically denied regulator claims Binance USD (BUSD) is a security, Paxos has burned some 684 million of the stablecoin for U.S. dollar redemptions, on-chain data show.

Binance sees huge potential for using AI within the crypto industry as it shared its views on the current flavor of the month, ChatGPT.

Binance’s Chief Executive Officer Changpeng “CZ” Zhao distanced himself from the Binance-branded stablecoin BUSD, after regulatory action caused minting to cease.

Binance Chief Executive Officer Changpeng Zhao, fondly called CZ in the crypto space, has asserted that he does not believe a recent Bloomberg report that claims that Circle complained to regulators about Binance.

Binance has hired Noah Perlman, former chief operating officer (COO) of fellow cryptocurrency exchange Gemini, as its new chief compliance officer (CCO), Bloomberg reported on Tuesday.

After the cryptocurrency sector was hit by the news that crypto firm Paxos, the issuer of Binance dollar-pegged stablecoin, was ordered by the regulators to halt the BUSD minting, nearly $1 billion in digital assets flew out of the crypto trading platform Binance in a single day.

The recent regulatory action against Paxos and Binance over the partnership's dollar-pegged stablecoin has spooked investors.

DeFiLlama data on February 14 shows that BUSD makes up over 18% of all assets locked and managed in Binance. It is the third largest asset, with stablecoins worth more than $13.3 billion locked when writing.

Binance users are withdrawing their crypto assets following the recent regulatory scrutiny of one of the exchange’s products.